Mustang, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mustang Neighborhoods Since 2000




Mustang, OK Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mustang Housing Market Information

With 20,226 people, 6,733 houses or apartments, and a median cost of homes of $171,259, Mustang real estate is some of the most expensive in Oklahoma, although Mustang home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Mustang, accounting for 86.65% of the city's housing units. Other types of housing that are prevalent in Mustang include large apartment complexes or high rise apartments ( 9.27%), duplexes, homes converted to apartments or other small apartment buildings ( 2.41%), and a few row houses and other attached homes ( 1.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mustang. Owner-occupied housing accounts for 75.89% of Mustang's homes, and 80.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mustang built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mustang built between 2000 and later ( 30.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.08%).

Mustang Home Appreciation Rates

In the last 10 years, Mustang has experienced some of the highest home appreciation rates of any community in the nation. Mustang real estate appreciated 15.43% over the last ten years, which is an average annual home appreciation rate of 1.45%, putting Mustang in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mustang definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Mustang's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Mustang's appreciation rate has been 0.33%, which annualizes to a rate of 1.34%.

Relative to Oklahoma, our data show that Mustang's latest annual appreciation rate is higher than 80% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$171,259

Mustang, OK HOME PRICES

Value Range
> $1,113,000 0.0
$835,001 - $1,113,000 0.2
$557,001 - $835,000 1.0
$445,001 - $557,000 0.4
$334,001 - $445,000 3.4
$222,001 - $334,000 10.2
$111,001 - $222,000 63.3
$56,001 - $111,000 18.9
$0 - $56,000 2.5

Very High for OK
Average for Nation

Value Relative to Nation Value Relative to State
41.198874956053 5.4380664652568

Number Of Homes And Apartments:
6,733

Mustang Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
52.50% 2.48% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,168 / per month

Homeownership Rate

Homeownership
Owners 75.89
Renters 24.11
Vacant 4.60

Housing Market Details

 

Age of Homes

AGE OF Mustang HOMES
2000 or Newer 30.2
1970 - 1999 56.5
1940 - 1969 13.1
1939 or Older 0.2

Types of Homes

TYPE OF Mustang HOMES
Single-Family 86.7
Townhomes 1.3
Small Apt. Buildings 2.4
Apt. Complexes 9.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Mustang HOMES
No Bedroom 1.42
1 Bedroom 2.71
2 Bedrooms 14.58
3 Bedrooms 62.48
4 Bedrooms 17.99
5 or more bedrooms 0.82